Kotak Securities has come out with its first quarter (April-June) earnings estimates for the construction and engineering sector. The brokerage house expects Punj Lloyd to report a profit of Rs 8.5 crore in June quarter as against a loss of Rs 13.4 crore in a year ago period and profit of Rs 15.3 crore in previous quarter.
Revenues are expected to decrease by 14.7 percent Q-o-Q (up 0.8 percent Y-o-Y) to Rs 2,727.8 crore, according to Kotak Securities.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
